A committee of secretaries will be meeting soon to consider a draft proposal, which suggests that decision-making on all policy issues pertaining to FDI be transferred from the Department of Industrial Policy & Promotion (DIPP) in the Ministry of Commerce to the Department of Economic Affairs (DEA) in the Ministry of Finance.
Defending champion Pankaj Advani crashed out of the 78th National Snooker Championship after losing to club-mate Alok Kumar in the quarter-finals, in Chennai, on Monday. He lost 59-27, 47-58, 63-31, 76-63, 44-73, 67-66, 66-58.
Citing 'frail' health, Chidambaram also said he is not 'accustomed' to food given to him in the jail and has lost 4 kg weight during judicial custody.
The government has cleared 19 foreign direct investment projects worth Rs 4,340 crore, including that of Tata Steel and Future Ventures.
Chidambaram said he was honoured that the two leaders visited him.
Over 100 questions on various aspects of the case were drafted by investigators which were put to 45-year-old Karti.
HSIIDC and promoter Sabeer Bhatia signed a memorandum of understanding in 2006 to set up a knowledge hub, Nano City, under the public-private partnership model, which was to be spread over 11,138 acres of land, covering 23 villages at Raipur Rani in Panchkula district of Haryana.
Karti contended that the lookout circular was part of the Centre's 'political vendetta'.
'Let us not, with all our drive for modernisation of the armed forces, send the forces to battle this time with second rung leadership,' says Brigadier S K Chatterji (retd).
.jpg)
Single-brand retailers are also allowed to take e-commerce route for such trading.
Bringing good news to power crisis-plagued Bihar after majority of thermal power units fell on the Jharkhand side after the bifurcation in November 2000, US energy major AES Corporation has evinced interest in setting up a thermal power plant in the state.
The probe agency made the submission in an affidavit filed before Justice A K Pathak, who listed the matter for hearing on August 1 and extended till then the interim protection against arrest granted to Chidambaram on May 31.
He has already been subjected to custodial interrogation by the CBI for eight days since his arrest on August 21, after the Delhi high court on August 20 dismissed his anticipatory bail plea.
'Given the past practice in the Pakistan army, this delay is most unusual,' notes Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing, India's external intelligence agency.
Olympian Diwakar Prasad and Commonwealth champion Amandeep Singh assured themselves of a medal with contrasting triumphs even as a couple of upsets highlighted the quarterfinals of the 57th Senior Men's National Boxing Championships in New Delhi.
A CBI spokesperson said he has been arrested on the basis of a warrant issued by a competent court.
The Finance Ministry, for the second time, turned down a proposal of Jaipur IPL Cricket (JIPL), the joint-owners of Rajasthan Royals, to transfer its entire equity abroad in a cashless transaction. The Foreign Investment Promotion Board (FIPB) rejected the JIPL plea on objections from the Sports Ministry, a source said.
Shares of Ranbaxy Lab and Sun Pharma on Tuesday gained as much as 4 per cent after the drug-makers got CCI's approval for their long-pending $4-billion merger.
In a reversal of its recommendations made in April 2008, the Telecom Regulatory Authority of India whittled the increase it had suggested then in the foreign direct investment cap for companies set up to uplink television news channels, as well as in FM radio.
Plans majority stake in JV; to offer NLD, ILD, ISP services.
The Enforcement Directorate has registered a money laundering case against Karti Chidambaram, son of former finance minister P Chidambaram, and others, taking cognisance of a recent CBI FIR against them.
A battle is brewing in the families which run the Jagran group of newspapers. The group's flagship brand, Dainik Jagran, is the country's largest circulated newspaper.
The next FIPB meeting slated for July 5, however, does not have a Jet proposal on its agenda.
The finance ministry is understood to have turned down, for the second time, a proposal of Jaipur IPL Cricket (JIPL), the joint owners of the Rajasthan Royals IPL team, to transfer its entire equity abroad in a cashless transaction.
"The fact is that after 106 days of pre-trial incarceration there is not a single charge framed against me as I speak now," said Chidambaram, who is expected to attend the Rajya Sabha proceedings on Thursday.
The airline intends to raise the money to meet its cash flow requirements and had got the shareholders' approval for the same on July 24.
The apex court dismissed the petition filed by the Navy challenging the Tribunal's verdict against it to consider Commodore A R Vardhan for promotion by a fresh review promotion board.
Jet Airways' plans to raise $400 million through a share sale to foreign institutions may get delayed as the government on Thursday deferred a decision on the proposal of the private air carrier.
The agreement between the two has a long stop date clause, stipulating that all approvals be secured by then.
The Board of Control for Cricket in India is all set to issue a diktat to Indian Railways, stating that only permanent employees will be allowed to play in the Cooch Behar Trophy, the board's Under-19 tournament.
Special Judge Ajay Kumar Kuhar said the CBI demand was "justified" that Chidambaram has to be further interrogated in its custody.
Chidamabaram's counsel told the top court that he is sought by ED to be "vicariously involved" in the INX Media money laundering case as he is the father of Karti Chidambaram, who according to the probe agencies tried to influence the Foreign Investment Promotion Board members.
"There could be a slight delay in getting the approval from SEBI, so there could be few days delay in starting the open offer but we are still on target to complete this transaction by middle of December."
The government on Thursday further liberalised the foreing investment regime by allowing Foreign Investment Promotion Board to clear proposals from overseas entities worth up to Rs 1,200 crore (Rs 12 billion), against the existing limit of Rs 600 crore (Rs 6 billion).
The ED told the apex court that during the investigation it found Chidambaram had 11 'immovable properties' and 17 bank accounts abroad and his custodial interrogation was required to unearth the larger conspiracy in the case.
The Foreign Investment Promotion Board has made it clear that Press Notes 2 and 4 issued in February 2009, which changed the way indirect foreign equity would be treated in calculating foreign investment levels in Indian corporations, cannot take effect retrospectively for proposals before the board.
After questioning him for four hours in the morning, Chidambaram was taken to a special court in Delhi which sent him to CBI custody till Monday.
On the arrest of P Chidambaram, Karti said, "This is like a staged reality show to have all these dramatic visuals on television. There is no reason for this kind of drama... It's not done in an honest investigation.
Tusk Investment, Mauritius, a wholly owned subsidiary of private equity firm Elephant Capital, has sought approval from the Foreign Investment Promotion Board (FIPB) to acquire a 30 per cent stake in Amar Chitra Katha Pvt Ltd (ACK).
FIPB may be asked to vet downstream projects.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances